PNB RD (Recurring Deposit) Calculator Online
Calculate the returns on your recurring deposit investment
Goal Amount
Expected Return (P.A)
Time Period
Summary
To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.
Summary
To achieve a goal amount of ₹15,00,000 in 10 year(s), and at 5% inflation, you would need to invest ₹9,20,869 at a 10% rate of return.
Total Investment Breakup
Lumpsum Investment
Interest Earned
Total Investment
| Year | Investment Amount (₹) |
Wealth Gained (₹) |
Expected Amount (₹) |
|---|
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PNB RD Calculator
All you need to know about PNB RD Investment Calculator
PNB, or Punjab National Bank, stands as India’s second-largest public sector bank, offering an array of investment options to its clientele. Among these choices is the PNB Recurring Deposit (RD), a term-deposit scheme tailored for individuals seeking to cultivate saving habits. Salaried employees, in particular, find this investment tool appealing due to its convenience and regularity in monthly deposits over extended periods.
The PNB RD Calculator serves as a user-friendly tool, aiding individuals in forecasting the maturity amount of their investment. Additionally, this PNB RD interest rate calculator by smallcase provides insights into the accrued interest throughout the investment tenure, facilitating improved financial planning and decision-making.
What is the PNB RD Calculator?
The smallcase PNB RD Calculator is an accessible online resource designed to estimate the interest gains from investing in a recurring deposit. In this context, the maturity amount for a recurring deposit encompasses the cumulative value of all deposits made, along with the interest accumulated during the investment period.
Moreover, RD interest compounds on a quarterly basis, allowing the PNB RD interest rates calculator to swiftly compute the ultimate maturity value and the wealth accumulated through regular monthly RD investments. To determine your PNB recurring deposit’s final interest amount, simply input essential details like investment sum, tenure, and interest rate for your PNB RD account.
How to Use the smallcase PNB RD Calculator Online?
The smallcase Punjab National Bank RD calculator is renowned for its simplicity and user-friendly design, making it accessible to individuals with basic internet proficiency.
Let’s now explore a straightforward guide on effectively utilising this user-friendly RD calculator PNB:
Step 1:
Enter the amount you wish to invest in a PNB RD.
Step 2:
Slide the bar to the expected rate of return that you wish to have
Step 3:
Enter the time period for which you are going to invest in the PNB RD.
Finally, the smallcase Punjab National Bank RD Calculator will present you with accurate results in a matter of a few seconds!
PNB RD Interest Rate Formula to Calculate the Maturity Amount
The smallcase PNB RD calculator utilises three key factors to ascertain the maturity value of an RD. The PNB Recurring Deposit calculator relies on a standardised equation to accurately compute this value.
Here’s the mathematical formula employed by the smallcase PNB RD Calculator:
A = P*(1+R/N)^(Nt)
| A | Final Amount (Including both principal and compound interest) |
| P | Monthly Installment (Initial investment) |
| r | Annual Interest Rate (expressed as a decimal) |
| n | Number of times interest is compounded per year |
| t | Number of years the money is invested for |
The variables denote significant elements in the equation.
Let us look at this formula explained in form of an example:
Suppose an individual initiates an PNB RD account with a monthly investment of Rs. 5000 for 1 year (4 quarters) at an 8% interest rate. The maturity amount can be calculated using this formula:
A = P*(1+R/N)^(Nt)
= 5000*(1+.0825/4)^(412/12) = 5425.44
= 5000*(1+.0825/4)^(411/12) = 5388.64
= 5000*(1+.0825/4)^(4*1/12) = 5034.14
Summing up the series, the total maturity value (A) amounts to Rs. 62,730.85.
Solving this equation manually can be intricate. However, by utilising the smallcase Punjab National Bank RD calculator, you can swiftly obtain the precise figure within seconds. Therefore, the maturity value for the RD account investment is Rs. 62,730.85.
PNB Documents and Eligibility Requirements for RD Account
As an investor, you should be aware of these two checklists before investing in an PNB RD Account. One checklist is for the eligibility criteria and the other is for documents required.
Documents Required
- Identity Proof ( Any government issued ID)
- Address Proof
- KYC Documentation
- Filled-out PNB RD Account form.
Eligibility Criteria
- Minors of and above the age of 10.
- Minors below the age of 10 with the financial guidance of an adult.
- Member of a Hindu Unified Family (HUF)
- Sole Proprietorship firms
- Uneducated and visually disabled people
- Companies
- Partnership Firms
PNB Recurring Deposit Interest Rates
Here is a table of the RD PNB Interest rates, both for the regular and senior citizens.
| Tenure | Regular RD Interest Rate | Senior Citizen RD Interest Rate |
| 180 Days to 270 Days | 4.40% | 4.90% |
| 271 Days to 364 Days | 4.40% | 4.90% |
| 1 Year | 5.00% | 5.60% |
| Above 1 Year 1 Day to 3 Years | 5.00% | 5.60% |
| Above 3 Years 1 Day to 5 Years | 5.25% | 5.75% |
| Above 5 Years 1 Day to 10 Years | 5.25% | 5.75% |
What are the Benefits of Using the smallcase PNB RD Calculator?
Following are a few benefits of using the Punjab National Bank RD calculator:
- Comparability: The PNB RD Calculator facilitates the input of multiple values, allowing users to compare investment returns and align them with their financial objectives.
- Accessibility: This tool is readily accessible through laptops or mobile phones with internet connectivity, providing quick access to the calculation of the maturity value with just a few clicks.
- User-Friendly: Featuring a straightforward interface, the calculator is suitable for both beginners and experienced users. Users need only input values, and the calculator provides instant results.
- Time Efficiency: The recurring deposit calculator PNB offered by smallcase saves significant time by eliminating the need for manual calculations, reducing the chances of inaccuracies. Additionally, it offers an indicative maturity amount to assist in investment planning.
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Frequently Asked Questions
What are the PNB RD rates?
The PNB RD interest rates are given in the table below.
| Tenure | Regular RD Interest Rate | Senior Citizen RD Interest Rate |
| 180 Days to 270 Days | 4.40% | 4.90% |
| 271 Days to 364 Days | 4.40% | 4.90% |
| 1 Year | 5.00% | 5.60% |
| Above 1 Year 1 Day to 3 Years | 5.00% | 5.60% |
| Above 3 Years 1 Day to 5 Years | 5.25% | 5.75% |
| Above 5 Years 1 Day to 10 Years | 5.25% | 5.75% |
How is RD maturity calculated in PNB?
The maturity value of a recurring deposit comprises the total of all deposits and the accrued interest over the investment duration. Additionally, interest on RDs is compounded on a quarterly basis.
Do PNB RDs come with nomination benefits?
Yes. You can select a nominee for your RD account at PNB Bank.
Does PNB provide loans against RD?
Punjab National Bank provides the option for obtaining a loan against the Recurring Deposit account held with the bank. Customers can avail an Overdraft or loan using the funds in their RD account. The RD account can be maintained for a duration ranging from 12 months to a maximum of 120 months. In case of a defaulted loan payment, the outstanding amount will be adjusted against the funds available in the Recurring Deposit account.
How are RDs taxed?
Interest income generated from PNB Recurring Deposits is subject to taxation based on the individual’s applicable income tax slab rates. Additionally, if the annual interest income crosses Rs. 40,000 (or Rs. 50,000 for senior citizens), Punjab National Bank deducts a 10% TDS (Tax Deducted at Source).
How to use the PNB RD calculator online?
Step 1:
Enter the amount you wish to invest in an PNB RD.
Step 2:
Slide the bar to the expected rate of return that you wish to have
Step 3:
Enter the time period for which you are going to invest in the PNB RD.
Can I withdraw RD at any time?
Yes, you can withdraw your PNB RD at any time. However, a penalty may be levied on the RD amount in case of premature withdrawals.
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